Nova AgriTech IPO opens today: Should you subscribe to the issue?
Hyderabad-based Nova AgriTech manufactures products that focuses on soil health, plant nutrition and crop protection.
- Jan 23, 2024,
- Updated Jan 23, 2024 8:29 AM IST
The initial public offering (IPO) of Nova AgriTech will open for public bidding on Tuesday, January 23, 2024. The IPO was postponed by a day due to the market's holiday on Monday and would conclude on Thursday, January 25. The company has fixed its price band at Rs 39-41 apiece, with a lot size of 365 equity shares and its multiples thereafter. Nova AgriTech operates an extensive dealer network of approximately 11,722 dealers spread across 16 states in India and two in Nepal. The company has also expanded its reach to Bangladesh, Sri Lanka, and Vietnam through strategic marketing, distribution, and supply agreements. The three southern states of Andhra Pradesh, Karnataka, and Telangana play a pivotal role, said Ventura. "The Nova Kisan Seva Kendra (NKSK) program demonstrates its commitment to farmer outreach. The program, comprising 24 agri-graduate coordinators and numerous Kisan Mitras and Kisan Sevaks, aims to educate farmers on crop management practices. NKSK leverages IOT-based solutions for precise farming inputs," it added with a subscribe rating on the issue.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Also read: Persistent Systems, Coforge, Zensar Technologies: Share price targets post Q3 results
The initial public offering (IPO) of Nova AgriTech will open for public bidding on Tuesday, January 23, 2024. The IPO was postponed by a day due to the market's holiday on Monday and would conclude on Thursday, January 25. The company has fixed its price band at Rs 39-41 apiece, with a lot size of 365 equity shares and its multiples thereafter. Nova AgriTech operates an extensive dealer network of approximately 11,722 dealers spread across 16 states in India and two in Nepal. The company has also expanded its reach to Bangladesh, Sri Lanka, and Vietnam through strategic marketing, distribution, and supply agreements. The three southern states of Andhra Pradesh, Karnataka, and Telangana play a pivotal role, said Ventura. "The Nova Kisan Seva Kendra (NKSK) program demonstrates its commitment to farmer outreach. The program, comprising 24 agri-graduate coordinators and numerous Kisan Mitras and Kisan Sevaks, aims to educate farmers on crop management practices. NKSK leverages IOT-based solutions for precise farming inputs," it added with a subscribe rating on the issue.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Also read: Persistent Systems, Coforge, Zensar Technologies: Share price targets post Q3 results